The other members of the committee are- T. L. Alamelu,former,...
Category:
Non-Life
Latest
Insurance sector remains constrained by a high-cost distribution model inflating protection cost:Economic Survey
Nirmala Sitharaman Union Minister for Finance and Corporate Affairs...
Digit Insurance pays first moisture index-based parametric insurance claim to Rajasthan farmers
The total policy sum insured for excess moisture and drought...
Reliance Group moves NCLT to restrain IIHL from using ‘Reliance’ brand name
According to sources close to the development, the brand Reliance is 50:50 jointly owned by Mukesh Ambani and Anil Ambani, and the same can not be allowed to be used by any other company or individual. ADAVPL, in its application, has also argued that the company was...
Celebrating Longevity: Caring the silver generation
As life expectancy in India reaches an impressive average of 72 years, the need for specialized care and tailored lifestyle options has never been more pressing Amit Bhandari, Chief Technical Officer at Magma HDI General Insurance As we celebrate Senior Citizens Day,...
FSSAI launches project to address microplastic contamination in Indian food
In a recent report, the Food and Agriculture Organization (FAO) highlighted the presence of microplastics in common food items such as sugar and salt. While the report underscores the global prevalence of microplastics, it also emphasizes the need for more robust data...
Monkeypox in Africa: Exporters keep fingers crossed
"As of now, the spread is not rampant, but looking into the infection, the exporters are definitely concerned, hoping it will not spread," Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said The bilateral trade of India with Africa grew...
National Insurance aims for Rs 100-200 cr profit in FY25
T Babu Paul, executive director,National Insurance Company ``Medical treatment costs have increased by 5-20 per cent, and to bridge the cost gap, an industry-wide tariff revision is expected this year. Our average claim amount has jumped to Rs 41,000 from Rs 27,000 in...
Rs1 lakh crore disbursed for free hospital care to 7.4 crore patients under PMJAY scheme
Eligible beneficiaries can avail of cashless and paperless healthcare services related to hospitalisation across more than 29,000 empanelled hospitals in the country The top speciality care treatments availed by beneficiaries to date are general medicine, infectious...
Biden, Harris hail Medicare drug price cuts that will save billions
Biden's signature Inflation Reduction Act, signed into law in 2022, was the first to allow Medicare to negotiate prices for some of the most costly drugs that the program covers for 66 million people. The new prices will go into effect in 2026 LARGO,...
Hurricane Debby: Moody’s estimates insured losses for will not exceed $1.5 billion
Jeff Waters, director, North Atlantic Hurricane Models at Moody’s, said, “Hurricane Debby should not be a major event for the (re)insurance market. Debby made landfall just 10 to 15 miles (16 to 24 kilometers) from last year’s Hurricane Idalia’s Florida landfall as a...
Severe typhoon set to disrupt flight, train services in Japan
Disruptions from tropical storms this time of year have become an annual occurrence in Japan and other countries in the region. They’re also more severe, causing factories to halt production and companies telling employees to stay at home. The latest typhoon,...
18% GST on premiums: a significant deterrent to insurance purchase and penetration
Experts argue in favour of removal of 18% GST on Health covers to boost insurance penetration ``If GST is removed, a straight 18% less in amount will keep people from choosing higher sum-insured or better policy coverages in the same amount'' Rakesh Jain, CEO,...